- Li Chen
- 29 Aug, 2025
- Hong Kong
Stocks in China and Hong Kong diverged on Friday, reflecting the weeklong pattern as investors reviewed the latest batch of earnings.
The Hang Seng index advanced 0.8%, and the mainland-focused CSI 300 index edged up 0.5% amid earnings optimism and improving market liquidity.
For the week, the Hang Seng index declined 1.7%, and the CSI 300 index gained 1.6% amid rising interest from foreign and domestic investors.
Mainland China markets extended this year's gains to 17.5% and rose to a decade-high amid a liquidity-driven boom in stocks as retail investors rotated out of fixed-income products and bank deposits into stocks.
However, the current market rally over the last twelve months lifted the CSI 300 index by more than 30%, driven by rising interest among retail investors and supported by state-controlled companies.
Alibaba Group Holding, ICBC, Bank of China, China Construction Bank, CITIC Securities, China Merchants Bank, Agriculture Bank of China, China Minsheng Banking, COSCO Shipping, and China Railway Group are scheduled to release their interim results later today.
Investors are betting that the U.S. Federal Reserve is more likely to lower the rate at the end of a two-day policy on September 17, and Friday's key inflation could influence that decision.
China Indexes and Stocks
The Hang Seng Index added 0.8% to 25,191.21, and the mainland-focused CSI 300 Index increased 0.5% to 4,484.72.
Haier Smart Home Co. Ltd. advanced 6.7% to HK $26.76 after the home appliance maker reported better-than-expected first-half profit.
Trip.com Group Ltd. increased 5% to HK $580.0, advancing for the second day following strong quarterly results.
Alibaba Group Holding Ltd. gained 0.7% to HK $116.60 ahead of the e-commerce company's interim results later today.
- Li Chen
- 29 Aug, 2025
- Hong Kong
Stocks in China and Hong Kong diverged on Friday, reflecting the weeklong pattern as investors reviewed the latest batch of earnings.
The Hang Seng index advanced 0.8%, and the mainland-focused CSI 300 index edged up 0.5% amid earnings optimism and improving market liquidity.
For the week, the Hang Seng index declined 1.7%, and the CSI 300 index gained 1.6% amid rising interest from foreign and domestic investors.
Mainland China markets extended this year's gains to 17.5% and rose to a decade-high amid a liquidity-driven boom in stocks as retail investors rotated out of fixed-income products and bank deposits into stocks.
However, the current market rally over the last twelve months lifted the CSI 300 index by more than 30%, driven by rising interest among retail investors and supported by state-controlled companies.
Alibaba Group Holding, ICBC, Bank of China, China Construction Bank, CITIC Securities, China Merchants Bank, Agriculture Bank of China, China Minsheng Banking, COSCO Shipping, and China Railway Group are scheduled to release their interim results later today.
Investors are betting that the U.S. Federal Reserve is more likely to lower the rate at the end of a two-day policy on September 17, and Friday's key inflation could influence that decision.
China Indexes and Stocks
The Hang Seng Index added 0.8% to 25,191.21, and the mainland-focused CSI 300 Index increased 0.5% to 4,484.72.
Haier Smart Home Co. Ltd. advanced 6.7% to HK $26.76 after the home appliance maker reported better-than-expected first-half profit.
Trip.com Group Ltd. increased 5% to HK $580.0, advancing for the second day following strong quarterly results.
Alibaba Group Holding Ltd. gained 0.7% to HK $116.60 ahead of the e-commerce company's interim results later today.
- Barry Adams
- 28 Aug, 2025
- New York City
Wall Street indexes lacked direction on Thursday as investors reviewed the fresh batch of earnings from tech leaders and retailers.
The S&P 500 index decreased 0.1%, and the Nasdaq Composite edged up 0.1%, and investors digested Nvidia's quarterly results.
Nvidia reported a surge in revenue and earnings for the ninth quarter in a row, driven by a boom in artificial intelligence infrastructure spending.
Sales in the current quarter could have been higher by about $4 billion if Nvidia were permitted to export its custom-designed H₂O chips to China.
Analysts at JPMorgan Chase, Citigroup, and Bernstein SocGen Group raised their price targets above $210, following the latest quarterly results.
The quarterly results from leading retailers Best Buy, Dollar General, Dick's Sporting Goods, and Williams Sonoma dominated news flow.
On Friday, the personal income and outlays report is likely to confirm the resurgent inflation, and the monthly measure of the personal consumption expenditures index is expected to rise 0.3%.
U.S. Stock Movers
Nvidia Corp. decreased 1.4% to $178.90, and the artificial intelligence chip maker reported a sharp jump in revenue and earnings in the latest quarter.
Revenue in the fiscal second quarter soared 56% to $30.04 billion, net income increased 59% to $26.42 billion, and diluted earnings per share jumped to $1.05 from 67 cents a year ago.
The chipmaker estimated revenue in the current quarter to jump to $54 billion, plus or minus 2%, and the forecast does not include H20 chip sales to China.
Nvidia said H20 chip sales to China could have ranged between $2 billion and $5 billion if the company could strike a deal with the U.S. and China.
Snowflake Inc. soared 13% to $227.69, and the cloud-based data storage company reported strong quarterly results following a surge in AI-driven demand for data platforms.
Consolidated revenue increased to $1.14 billion from $868 million, net loss declined to $298 million from $316.9 million, and diluted losses per share decreased to 89 cents from 95 cents a year ago.
The company guided product revenue for the current quarter to range between $1.125 billion and $1.130 billion, and the company estimated full-year product revenue to reach $4.395 billion, representing 27% year-over-year growth.
Veeva Systems decreased 3.6% to $283.0, and the life science system-focused cloud software provider reported higher quarterly sales and earnings in the fiscal second quarter ending in July.
Consolidated revenue inched higher to $789 million from $676.2 million, net income climbed to $200 million from $171 million, and diluted earnings per share soared to $1.19 from $1.04 a year ago.
The company guided third-quarter revenue to be between $790 million and $793 million, adjusted operating income between $348 million and $350 million, and adjusted diluted earnings per share between $1.94 and $1.95.
Best Buy Co. Inc. decreased 3.5% to $72.75, and the consumer electronics retailer reported a modest increase in sales in the fiscal second quarter ending on August 2.
Revenue increased to $9.4 billion from $9.3 billion, net income decreased to $186 million from $291 million, and diluted earnings per share fell to 87 cents from $1.34 a year ago.
Comparable sales in the fiscal second quarter increased 1.6%, and sales at the U.S. location advanced 1.1% from a year ago, respectively.
However, the company said that the tariff-related uncertainties are complicating its turnaround efforts.
The company reiterated its annual revenue estimate between $41.1 billion and $41.9 billion but trimmed its earnings range outlook to between $6.15 and $6.30 from the previous estimate between $6.20 and $6.60.
Dick's Sporting Goods decreased 4.7% to $215.30, despite the sporting goods retailer reporting higher-than-expected revenue and earnings in the fiscal second quarter ending on August 2.
Revenue increased 5% to $3.64 billion from $3.47 billion, net income advanced to $381 million from $362 million, and diluted earnings per share rose to $4.71 from $4.37 a year ago.
The company raised its full-year guidance for comparable sales growth to a range of 2.0% to 3.5%, up from 1.0% to 3.0% previously, and raised its full-year earnings per diluted share estimate to a range of $13.90 to $14.50, up from the previous estimate of $13.80 to $14.40.
- Barry Adams
- 28 Aug, 2025
- New York City
Wall Street indexes lacked direction on Thursday as investors reviewed the fresh batch of earnings from tech leaders and retailers.
The S&P 500 index decreased 0.1%, and the Nasdaq Composite edged up 0.1%, and investors digested Nvidia's quarterly results.
Nvidia reported a surge in revenue and earnings for the ninth quarter in a row, driven by a boom in artificial intelligence infrastructure spending.
Sales in the current quarter could have been higher by about $4 billion if Nvidia were permitted to export its custom-designed H₂O chips to China.
Analysts at JPMorgan Chase, Citigroup, and Bernstein SocGen Group raised their price targets above $210, following the latest quarterly results.
The quarterly results from leading retailers Best Buy, Dollar General, Dick's Sporting Goods, and Williams Sonoma dominated news flow.
On Friday, the personal income and outlays report is likely to confirm the resurgent inflation, and the monthly measure of the personal consumption expenditures index is expected to rise 0.3%.
U.S. Stock Movers
Nvidia Corp. decreased 1.4% to $178.90, and the artificial intelligence chip maker reported a sharp jump in revenue and earnings in the latest quarter.
Revenue in the fiscal second quarter soared 56% to $30.04 billion, net income increased 59% to $26.42 billion, and diluted earnings per share jumped to $1.05 from 67 cents a year ago.
The chipmaker estimated revenue in the current quarter to jump to $54 billion, plus or minus 2%, and the forecast does not include H20 chip sales to China.
Nvidia said H20 chip sales to China could have ranged between $2 billion and $5 billion if the company could strike a deal with the U.S. and China.
Snowflake Inc. soared 13% to $227.69, and the cloud-based data storage company reported strong quarterly results following a surge in AI-driven demand for data platforms.
Consolidated revenue increased to $1.14 billion from $868 million, net loss declined to $298 million from $316.9 million, and diluted losses per share decreased to 89 cents from 95 cents a year ago.
The company guided product revenue for the current quarter to range between $1.125 billion and $1.130 billion, and the company estimated full-year product revenue to reach $4.395 billion, representing 27% year-over-year growth.
Veeva Systems decreased 3.6% to $283.0, and the life science system-focused cloud software provider reported higher quarterly sales and earnings in the fiscal second quarter ending in July.
Consolidated revenue inched higher to $789 million from $676.2 million, net income climbed to $200 million from $171 million, and diluted earnings per share soared to $1.19 from $1.04 a year ago.
The company guided third-quarter revenue to be between $790 million and $793 million, adjusted operating income between $348 million and $350 million, and adjusted diluted earnings per share between $1.94 and $1.95.
Best Buy Co. Inc. decreased 3.5% to $72.75, and the consumer electronics retailer reported a modest increase in sales in the fiscal second quarter ending on August 2.
Revenue increased to $9.4 billion from $9.3 billion, net income decreased to $186 million from $291 million, and diluted earnings per share fell to 87 cents from $1.34 a year ago.
Comparable sales in the fiscal second quarter increased 1.6%, and sales at the U.S. location advanced 1.1% from a year ago, respectively.
However, the company said that the tariff-related uncertainties are complicating its turnaround efforts.
The company reiterated its annual revenue estimate between $41.1 billion and $41.9 billion but trimmed its earnings range outlook to between $6.15 and $6.30 from the previous estimate between $6.20 and $6.60.
Dick's Sporting Goods decreased 4.7% to $215.30, despite the sporting goods retailer reporting higher-than-expected revenue and earnings in the fiscal second quarter ending on August 2.
Revenue increased 5% to $3.64 billion from $3.47 billion, net income advanced to $381 million from $362 million, and diluted earnings per share rose to $4.71 from $4.37 a year ago.
The company raised its full-year guidance for comparable sales growth to a range of 2.0% to 3.5%, up from 1.0% to 3.0% previously, and raised its full-year earnings per diluted share estimate to a range of $13.90 to $14.50, up from the previous estimate of $13.80 to $14.40.
- Scott Peters
- 27 Aug, 2025
- New York City
Snowflake Inc. increased 13.2% to $226.83 after the cloud-based data storage company reported a 32% increase in revenue and the net loss shrank in the latest quarter ending on July 31.
Consolidated revenue increased to $1.14 billion from $868 million, net loss declined to $298 million from $316.9 million, and diluted losses per share decreased to 89 cents from 95 cents a year ago.
The company guided product revenue for the current quarter to range between $1.125 billion and $1.130 billion, and the company estimated full-year product revenue to reach $4.395 billion, representing 27% year-over-year growth.
The company reported a net revenue retention rate of 125% in the current quarter.
Veeva Systems Inc. fell 4.3% to $281.03 despite the provider of cloud-based software solutions for the life sciences industry reporting a 17% increase in net income in the fiscal second quarter ending on July 31.
Consolidated revenue inched higher to $789 million from $676.2 million, net income climbed to $200 million from $171 million, and diluted earnings per share soared to $1.19 from $1.04 a year ago.
The company guided third-quarter revenue to be between $790 million and $793 million, adjusted operating income between $348 million and $350 million, and adjusted diluted earnings per share between $1.94 and $1.95.
Veeva’s full-year guidance is total revenue between $3.13 billion and $3.14 billion, non-GAAP operating income expected to be $1.388 billion, and non-GAAP diluted earnings per share expected to be $7.78.
Veeva is rapidly progressing with industry-specific AI, with initial AI agents launching in December and broader rollouts through 2027.
Williams Sonoma Inc. decreased 0.08% to $192.01 despite the specialty retailer of products for the home reporting a 14% rise in its earnings in the latest quarter ending on August 3.
Consolidated revenue edged higher to $1.84 billion from $1.79 billion, net income advanced to $247.6 million from $216.9 million, and diluted earnings per share rose to $2.00 from $1.67 a year ago.
During the second quarter, Williams-Sonoma returned $280 million to shareholders, including $199 million in share repurchases and $81 million in dividends, with $903 million remaining under the current repurchase program.
Merchandise inventories rose 17.7% to $1.4 billion, reflecting early receipts to offset expected 2025 tariffs.
Comparable brand revenue increased by 3.7% from a year ago.
The retailer estimated a fiscal 2025 net revenue increase between 0.5% and 3.5%, including the impact of the 53rd week in fiscal 2024, with comparable sales up 2.0% to 5.0%.
However, higher revenue may not translate into higher earnings because of the sharp escalation in import duties imposed by the Trump administration.
The company reiterated its fiscal 2025 operating margin guidance of 17.4% to 17.8% and added that it will revisit it if tariff conditions materially change.
- Scott Peters
- 27 Aug, 2025
- New York City
Snowflake Inc. increased 13.2% to $226.83 after the cloud-based data storage company reported a 32% increase in revenue and the net loss shrank in the latest quarter ending on July 31.
Consolidated revenue increased to $1.14 billion from $868 million, net loss declined to $298 million from $316.9 billion, and diluted losses per share decreased to 89 cents from 95 cents a year ago.
The company guided product revenue for the next quarter to range between $1.125 billion and $1.130 billion. And full-year product revenue is expected to reach $4.395 billion, representing 27% year-over-year growth.
The company reported a net revenue retention rate of 125% in the current quarter.
Veeva Systems Inc. fell 4.3% to $281.03 despite the provider of cloud-based software solutions for the life sciences industry reporting a 17% increase in net income in the fiscal second quarter ending on July 31.
Consolidated revenue inched higher to $789 million from $676.2 million, net income climbed to $200 million from $171 million, and diluted earnings per share soared to $1.19 from $1.04 a year ago.
The company guided third-quarter revenue to be between $790 million and $793 million, non-GAAP operating income between $348 million and $350 million, and non-GAAP diluted earnings per share between $1.94 and $1.95.
Veeva’s full-year guidance is total revenue between $3.13 billion and $3.14 billion, non-GAAP operating income expected to be $1.388 billion, and non-GAAP diluted earnings per share expected to be $7.78.
Veeva is rapidly progressing with industry-specific AI, with initial AI agents launching in December and broader rollouts through 2027. Seven top 20 biopharmas have adopted Vault CRM, which has achieved key milestones and now boasts over 100 customers. Veeva continues to solidify its role in drug development, with all top 20 biopharmas using Veeva eTMF and strong adoption across other solutions. In August, Veeva and IQVIA formed a long-term partnership, resolving all legal disputes.
Williams Sonoma Inc. plunged 0.08% to $192.01 despite the specialty retailer of products for the home reporting a 14% rise in its earnings in the latest quarter ending on August 3.
Consolidated revenue edged higher to $1.84 billion from $1.79 billion, net income advanced to $247.6 million from $216.9 million, and diluted earnings per share rose to $2.00 from $1.67 a year ago.
During the second quarter, Williams-Sonoma returned $280 million to shareholders, including $199 million in share repurchases and $81 million in dividends, with $903 million remaining under the repurchase program.
Merchandise inventories rose 17.7% to $1.4 billion, reflecting early receipts to offset expected 2025 tariffs.
Comparable brand revenue increased by 3.7%.
Williams Sonoma is raising its fiscal 2025 net revenue guidance, now anticipating growth of 0.5% to 3.5%, including the impact of the 53rd week in fiscal 2024, with comparable sales up 2.0% to 5.0%. Although higher revenues are expected, margin flow-through will be pressured by increased tariffs—including 30% on China, 50% on India and copper, 20% on Vietnam, and 50% on steel and aluminum. The company reiterates its fiscal 2025 operating margin guidance of 17.4% to 17.8% and will revisit it if tariff conditions materially change. Interest income is projected at $30 million, with an effective tax rate of approximately 26.5%.
Link: https://s24.q4cdn.com/161876561/files/doc_financials/2025/q2/WSM-FY-2025-Q2-Earnings-Release.pdf
- Scott Peters
- 27 Aug, 2025
- New York City
Snowflake Inc. increased 13.2% to $226.83 after the cloud-based data storage company reported a 32% increase in revenue and the net loss shrank in the latest quarter ending on July 31.
Consolidated revenue increased to $1.14 billion from $868 million, net loss declined to $298 million from $316.9 billion, and diluted losses per share decreased to 89 cents from 95 cents a year ago.
The company guided product revenue for the next quarter to range between $1.125 billion and $1.130 billion. And full-year product revenue is expected to reach $4.395 billion, representing 27% year-over-year growth.
The company reported a net revenue retention rate of 125% in the current quarter.
Veeva Systems Inc. fell 4.3% to $281.03 despite the provider of cloud-based software solutions for the life sciences industry reporting a 17% increase in net income in the fiscal second quarter ending on July 31.
Consolidated revenue inched higher to $789 million from $676.2 million, net income climbed to $200 million from $171 million, and diluted earnings per share soared to $1.19 from $1.04 a year ago.
The company guided third-quarter revenue to be between $790 million and $793 million, non-GAAP operating income between $348 million and $350 million, and non-GAAP diluted earnings per share between $1.94 and $1.95.
Veeva’s full-year guidance is total revenue between $3.13 billion and $3.14 billion, non-GAAP operating income expected to be $1.388 billion, and non-GAAP diluted earnings per share expected to be $7.78.
Veeva is rapidly progressing with industry-specific AI, with initial AI agents launching in December and broader rollouts through 2027. Seven top 20 biopharmas have adopted Vault CRM, which has achieved key milestones and now boasts over 100 customers. Veeva continues to solidify its role in drug development, with all top 20 biopharmas using Veeva eTMF and strong adoption across other solutions. In August, Veeva and IQVIA formed a long-term partnership, resolving all legal disputes.
Williams Sonoma Inc. plunged 0.08% to $192.01 despite the specialty retailer of products for the home reporting a 14% rise in its earnings in the latest quarter ending on August 3.
Consolidated revenue edged higher to $1.84 billion from $1.79 billion, net income advanced to $247.6 million from $216.9 million, and diluted earnings per share rose to $2.00 from $1.67 a year ago.
During the second quarter, Williams-Sonoma returned $280 million to shareholders, including $199 million in share repurchases and $81 million in dividends, with $903 million remaining under the repurchase program.
Merchandise inventories rose 17.7% to $1.4 billion, reflecting early receipts to offset expected 2025 tariffs.
Comparable brand revenue increased by 3.7%.
Williams Sonoma is raising its fiscal 2025 net revenue guidance, now anticipating growth of 0.5% to 3.5%, including the impact of the 53rd week in fiscal 2024, with comparable sales up 2.0% to 5.0%. Although higher revenues are expected, margin flow-through will be pressured by increased tariffs—including 30% on China, 50% on India and copper, 20% on Vietnam, and 50% on steel and aluminum. The company reiterates its fiscal 2025 operating margin guidance of 17.4% to 17.8% and will revisit it if tariff conditions materially change. Interest income is projected at $30 million, with an effective tax rate of approximately 26.5%.
Link: https://s24.q4cdn.com/161876561/files/doc_financials/2025/q2/WSM-FY-2025-Q2-Earnings-Release.pdf
- Scott Peters
- 27 Aug, 2025
- New York City
Snowflake Inc. increased 13.2% to $226.83 after the cloud-based data storage company reported a 32% increase in revenue and the net loss shrank in the latest quarter ending on July 31.
Consolidated revenue increased to $1.14 billion from $868 million, net loss declined to $298 million from $316.9 billion, and diluted losses per share decreased to 89 cents from 95 cents a year ago.
The company guided product revenue for the next quarter to range between $1.125 billion and $1.130 billion. And full-year product revenue is expected to reach $4.395 billion, representing 27% year-over-year growth.
The company reported a net revenue retention rate of 125% in the current quarter.
Veeva Systems Inc. fell 4.3% to $281.03 despite the provider of cloud-based software solutions for the life sciences industry reporting a 17% increase in net income in the fiscal second quarter ending on July 31.
Consolidated revenue inched higher to $789 million from $676.2 million, net income climbed to $200 million from $171 million, and diluted earnings per share soared to $1.19 from $1.04 a year ago.
The company guided third-quarter revenue to be between $790 million and $793 million, non-GAAP operating income between $348 million and $350 million, and non-GAAP diluted earnings per share between $1.94 and $1.95.
Veeva’s full-year guidance is total revenue between $3.13 billion and $3.14 billion, non-GAAP operating income expected to be $1.388 billion, and non-GAAP diluted earnings per share expected to be $7.78.
Veeva is rapidly progressing with industry-specific AI, with initial AI agents launching in December and broader rollouts through 2027. Seven top 20 biopharmas have adopted Vault CRM, which has achieved key milestones and now boasts over 100 customers. Veeva continues to solidify its role in drug development, with all top 20 biopharmas using Veeva eTMF and strong adoption across other solutions. In August, Veeva and IQVIA formed a long-term partnership, resolving all legal disputes.
Williams Sonoma Inc. plunged 0.08% to $192.01 despite the specialty retailer of products for the home reporting a 14% rise in its earnings in the latest quarter ending on August 3.
Consolidated revenue edged higher to $1.84 billion from $1.79 billion, net income advanced to $247.6 million from $216.9 million, and diluted earnings per share rose to $2.00 from $1.67 a year ago.
During the second quarter, Williams-Sonoma returned $280 million to shareholders, including $199 million in share repurchases and $81 million in dividends, with $903 million remaining under the repurchase program.
Merchandise inventories rose 17.7% to $1.4 billion, reflecting early receipts to offset expected 2025 tariffs.
Comparable brand revenue increased by 3.7%.
Williams Sonoma is raising its fiscal 2025 net revenue guidance, now anticipating growth of 0.5% to 3.5%, including the impact of the 53rd week in fiscal 2024, with comparable sales up 2.0% to 5.0%. Although higher revenues are expected, margin flow-through will be pressured by increased tariffs—including 30% on China, 50% on India and copper, 20% on Vietnam, and 50% on steel and aluminum. The company reiterates its fiscal 2025 operating margin guidance of 17.4% to 17.8% and will revisit it if tariff conditions materially change. Interest income is projected at $30 million, with an effective tax rate of approximately 26.5%.
Link: https://s24.q4cdn.com/161876561/files/doc_financials/2025/q2/WSM-FY-2025-Q2-Earnings-Release.pdf
- Scott Peters
- 27 Aug, 2025
- New York City
Snowflake Inc. increased 13.2% to $226.83 after the cloud-based data storage company reported a 32% increase in revenue and the net loss shrank in the latest quarter ending on July 31.
Consolidated revenue increased to $1.14 billion from $868 million, net loss declined to $298 million from $316.9 billion, and diluted losses per share decreased to 89 cents from 95 cents a year ago.
The company guided product revenue for the next quarter to range between $1.125 billion and $1.130 billion. And full-year product revenue is expected to reach $4.395 billion, representing 27% year-over-year growth.
The company reported a net revenue retention rate of 125% in the current quarter.
Veeva Systems Inc. fell 4.3% to $281.03 despite the provider of cloud-based software solutions for the life sciences industry reporting a 17% increase in net income in the fiscal second quarter ending on July 31.
Consolidated revenue inched higher to $789 million from $676.2 million, net income climbed to $200 million from $171 million, and diluted earnings per share soared to $1.19 from $1.04 a year ago.
The company guided third-quarter revenue to be between $790 million and $793 million, non-GAAP operating income between $348 million and $350 million, and non-GAAP diluted earnings per share between $1.94 and $1.95.
Veeva’s full-year guidance is total revenue between $3.13 billion and $3.14 billion, non-GAAP operating income expected to be $1.388 billion, and non-GAAP diluted earnings per share expected to be $7.78.
Veeva is rapidly progressing with industry-specific AI, with initial AI agents launching in December and broader rollouts through 2027. Seven top 20 biopharmas have adopted Vault CRM, which has achieved key milestones and now boasts over 100 customers. Veeva continues to solidify its role in drug development, with all top 20 biopharmas using Veeva eTMF and strong adoption across other solutions. In August, Veeva and IQVIA formed a long-term partnership, resolving all legal disputes.
Williams Sonoma Inc. plunged 0.08% to $192.01 despite the specialty retailer of products for the home reporting a 14% rise in its earnings in the latest quarter ending on August 3.
Consolidated revenue edged higher to $1.84 billion from $1.79 billion, net income advanced to $247.6 million from $216.9 million, and diluted earnings per share rose to $2.00 from $1.67 a year ago.
During the second quarter, Williams-Sonoma returned $280 million to shareholders, including $199 million in share repurchases and $81 million in dividends, with $903 million remaining under the repurchase program.
Merchandise inventories rose 17.7% to $1.4 billion, reflecting early receipts to offset expected 2025 tariffs.
Comparable brand revenue increased by 3.7%.
Williams Sonoma is raising its fiscal 2025 net revenue guidance, now anticipating growth of 0.5% to 3.5%, including the impact of the 53rd week in fiscal 2024, with comparable sales up 2.0% to 5.0%. Although higher revenues are expected, margin flow-through will be pressured by increased tariffs—including 30% on China, 50% on India and copper, 20% on Vietnam, and 50% on steel and aluminum. The company reiterates its fiscal 2025 operating margin guidance of 17.4% to 17.8% and will revisit it if tariff conditions materially change. Interest income is projected at $30 million, with an effective tax rate of approximately 26.5%.
Link: https://s24.q4cdn.com/161876561/files/doc_financials/2025/q2/WSM-FY-2025-Q2-Earnings-Release.pdf
- Scott Peters
- 27 Aug, 2025
- New York City
Snowflake Inc. increased 13.2% to $226.83 after the cloud-based data storage company reported a 32% increase in revenue and the net loss shrank in the latest quarter ending on July 31.
Consolidated revenue increased to $1.14 billion from $868 million, net loss declined to $298 million from $316.9 billion, and diluted losses per share decreased to 89 cents from 95 cents a year ago.
The company guided product revenue for the next quarter to range between $1.125 billion and $1.130 billion. And full-year product revenue is expected to reach $4.395 billion, representing 27% year-over-year growth.
The company reported a net revenue retention rate of 125% in the current quarter.
Veeva Systems Inc. fell 4.3% to $281.03 despite the provider of cloud-based software solutions for the life sciences industry reporting a 17% increase in net income in the fiscal second quarter ending on July 31.
Consolidated revenue inched higher to $789 million from $676.2 million, net income climbed to $200 million from $171 million, and diluted earnings per share soared to $1.19 from $1.04 a year ago.
The company guided third-quarter revenue to be between $790 million and $793 million, non-GAAP operating income between $348 million and $350 million, and non-GAAP diluted earnings per share between $1.94 and $1.95.
Veeva’s full-year guidance is total revenue between $3.13 billion and $3.14 billion, non-GAAP operating income expected to be $1.388 billion, and non-GAAP diluted earnings per share expected to be $7.78.
Veeva is rapidly progressing with industry-specific AI, with initial AI agents launching in December and broader rollouts through 2027. Seven top 20 biopharmas have adopted Vault CRM, which has achieved key milestones and now boasts over 100 customers. Veeva continues to solidify its role in drug development, with all top 20 biopharmas using Veeva eTMF and strong adoption across other solutions. In August, Veeva and IQVIA formed a long-term partnership, resolving all legal disputes.
Williams Sonoma Inc. plunged 0.08% to $192.01 despite the specialty retailer of products for the home reporting a 14% rise in its earnings in the latest quarter ending on August 3.
Consolidated revenue edged higher to $1.84 billion from $1.79 billion, net income advanced to $247.6 million from $216.9 million, and diluted earnings per share rose to $2.00 from $1.67 a year ago.
During the second quarter, Williams-Sonoma returned $280 million to shareholders, including $199 million in share repurchases and $81 million in dividends, with $903 million remaining under the repurchase program.
Merchandise inventories rose 17.7% to $1.4 billion, reflecting early receipts to offset expected 2025 tariffs.
Comparable brand revenue increased by 3.7%.
Williams Sonoma is raising its fiscal 2025 net revenue guidance, now anticipating growth of 0.5% to 3.5%, including the impact of the 53rd week in fiscal 2024, with comparable sales up 2.0% to 5.0%. Although higher revenues are expected, margin flow-through will be pressured by increased tariffs—including 30% on China, 50% on India and copper, 20% on Vietnam, and 50% on steel and aluminum. The company reiterates its fiscal 2025 operating margin guidance of 17.4% to 17.8% and will revisit it if tariff conditions materially change. Interest income is projected at $30 million, with an effective tax rate of approximately 26.5%.
Link: https://s24.q4cdn.com/161876561/files/doc_financials/2025/q2/WSM-FY-2025-Q2-Earnings-Release.pdf